Market experts from Master Capital Services Ltd. and Motilal Oswal Financial Services provided comprehensive stock recommendations during NDTV Profit's Ask Profit show. According to Vishnu Kant Upadhyay, assistant vice president of research and advisory at Master Capital Services Ltd., and Siddhartha Khemka, head of research-wealth management at Motilal Oswal Financial Services, investors should adopt different strategies based on technical analysis and fundamental factors.
State Bank of India (CMP: ₹939.40) received a buy on dips recommendation from Upadhyay, who described it as an undoubtedly portfolio stock despite seeing technical headwinds. For Tata Technologies (CMP: ₹629.40), Upadhyay suggested a buy on dips strategy, recommending fresh purchases when prices fall close to ₹580-₹590 with targets of ₹660-₹680. As reported by NDTV Profit, the stock has garnered bullish momentum in recent days, with the expert noting that any fall close to ₹580-₹590 represents a golden opportunity to add fresh positions.
Varun Beverages (CMP: ₹511.50) was recommended as a hold position by Upadhyay, who identified it as a bullish reversal candidate that has regained all key moving averages. For Indian Renewable Energy Development Agency (CMP: ₹126.92), Upadhyay suggested holding with targets of ₹136-₹138 levels and stop loss below ₹113-₹112. According to the analysis, IREDA is trading below short and long term moving averages with space to accept a fall at ₹119-₹120, while the expert noted that prices can take a U-turn to ₹136-₹138 levels from current levels.
Welspun Corp (CMP: ₹1,297.90) received a hold recommendation from Upadhyay, who noted that from a technical standpoint, the stock looks quite good with all key oscillators showing bullish divergence. The recommendation suggests holding positions as long as prices trade above ₹1,160-₹1,170 levels with a stop loss below that range, while maintaining trailing stop loss. For short-term time frames, the expert recommends holding positions as long as prices are trading above ₹1,160-₹1,170 levels with a stop loss below that range.
Transformers And Rectifiers (India) (CMP: ₹939.40) received an avoid recommendation from Khemka due to issues with global order books, including contract cancellations. However, Khemka noted that transformers and distribution segments are performing well due to high power demand from the summer season, AI demand, and economic recovery expectations. As reported by NDTV Profit, investors are advised to wait for things to fall in place before the company can start performing, with the expert noting that there was some issue with regards to some of the global order books, including one contract cancellation.
